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these are tiny, tiny little drops in a big ocean. there is not enough in corporate jets or even the hedge fund guys, although i would like to. they have to raise revenues, i hate to say it, on the middle class. this is the point that gets lost on this. everybody is in this boat. there is no way out of it unless every single american does something. >> raise revenues on the shrinking middle class, mark. >> everybody is in it, and evan is right -- evan addressed the possibility of default. when that happens, the federal government of the united states, which bars or 40 cents of every dollar we spend every single day, is faced with the option -- do you pay a sergeant in combat in kandahar, a grandmother with a 1-bedroom apartment in social security check, or to meet the obligations of bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality is we are talking about -- the president is proposing increasing taxes, revenues, by 1% over the next 10 years. $400
these are tiny, tiny little drops in a big ocean. there is not enough in corporate jets or even the hedge fund guys, although i would like to. they have to raise revenues, i hate to say it, on the middle class. this is the point that gets lost on this. everybody is in this boat. there is no way out of it unless every single american does something. >> raise revenues on the shrinking middle class, mark. >> everybody is in it, and evan is right -- evan addressed the possibility of...
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>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like you and we want you to invest, we want you to invest in new properties. we want to you take risks. and -- maybe you can support t maybe you can't. some of you can't. but the 1 who take the risks are the one who have the money. and they do take the risk because of >>> the u.s. flag's colors and patterns are mimicked on walk shorts, bathing suits, even thongs. the supreme court decision texas versus johnson 22 years ago affirmed that even if you burn the flag or pour acid on the flag or deficate on the flag, it is not a misdemeanor and certainly knoll a felony therefore. it i
>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like...
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Jul 17, 2011
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i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> could not keep unemployment off the front page. it doesn't have to be on the
i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not....
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Jul 8, 2011
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big daddy cane is jimi hendrix. i understand why people are saying, what do you talk about? s.an age thing. if you are 45 and under, you perk up. that appeal to everybody. it was not soft or corny. tavis: there are a number of artists talking about the impact tribe had on them. what is the documentary trying to get us to understand about their influence on hip-hop? >> they make people feel like they were comfortable being themselves. i talked to quest love, the beasitie boys. when he was younger, he was seen as a weirdo. after tribe came out, that became the look. it made people feel comfortable being themselves. after hip-hop, it was cold chains and very much seasonal. tribe said that the not have to be like that. musically, they way they sampled and used the samples, took it to another level. musically, they broke the mold. tavis: i know that you are here today and not q tip. you have not seen him out there and we're talking about the documentary. >> you would have to ask him. he has come around. the film became a lot more interpersonal then any of us suspected when we fir
big daddy cane is jimi hendrix. i understand why people are saying, what do you talk about? s.an age thing. if you are 45 and under, you perk up. that appeal to everybody. it was not soft or corny. tavis: there are a number of artists talking about the impact tribe had on them. what is the documentary trying to get us to understand about their influence on hip-hop? >> they make people feel like they were comfortable being themselves. i talked to quest love, the beasitie boys. when he was...
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Jul 12, 2011
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i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a smaller government, a more limited government, a more effective vernment, but i think the idea of somebody outside of congress telling us what our tax policy would be is ludicrous. >> rose: (laughs) this is what... i should make a point that we invited senator durbin and senator conrad tonight as well a they'll appear hopefully later this week. this is what david brooks said, as you well know. "if the republican party were a normal party it would take advantage of this amazing moment. it is being offered trillions of dollars in spending c
i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a...
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Jul 24, 2011
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has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a penalty if nothing is done by the end of 2012 the old reagan tax rates for the wealthy go back into effect. john, there's possibly a big deal for this reason. there is weeping and gnashing of teeth in the democratic caucus, in the senate, and in the house over what obama is dealing with boehner. >> boehner's got his problems, too. >> well, boehner -- i think cantor is in on this deal, it appears. of co
has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it...
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Jul 10, 2011
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we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is that the discussion time. it is crunch time. why have we not heard one proposal from the president? what are you going to do on medicare? >> it is such a certain argument we are having here brought some of us, a few of us, one of us maybe -- [laughter] has an idea that i-he would come to this, -- the idea that he would come to this, "come into my parlor, said the spider to fly." the republicans had their heads handed to them politically -- i am not saying they are substantively wrong -- they tidies debt reductions -- to the reductions -- tied it these debt reductions to the debt limit. i d
we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is...
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Jul 27, 2011
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he chose to go big in a lot of different ways. and perhaps that was necessary as he has said, but it also set off a big backlash. we've been living with the consequences of that ever since. in part he did what he did without any republican support, because they made a calculate political decision tt opposition to obama was in fact the best course for them politically. so as jerry wrote today, the role of government is at the heart of the debate in this country about who we are as a people. but the hyper-partisanship has left us in a position where we can't easily deal with that, even if people of gowill want to do that. >> rose: the 28 election was ara and size of government? >> 2010 was. >> rose: 2010.yes, up to a poi,i think where the republicans may be overinterpreting is 2010 was also a referendum on the unhappiness of the american people about the state of the economy, and that is not entirely different from the role of government and the size of government, but it's not the same thing. it doesn't necessarily lead to the same
he chose to go big in a lot of different ways. and perhaps that was necessary as he has said, but it also set off a big backlash. we've been living with the consequences of that ever since. in part he did what he did without any republican support, because they made a calculate political decision tt opposition to obama was in fact the best course for them politically. so as jerry wrote today, the role of government is at the heart of the debate in this country about who we are as a people. but...
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and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are willing to pay for, and so there has to be a gigantic education campaign to go under that. and then the second thing i would add, and tom talked about a hybrid politics, i uld say we'vead it. and we just have to rediscover it. and i go back perpeally to my hero alex aner hamilton who created this hrid politics it was not -- he got us out of the big government versus small government debat he stood for lited b energetic government to enhance social mobility. so people in the hamiltonian practise decision which include the wig party and the lincoln an repu
and i think that is the big challenge right now. how do we basically develop a political platform and a mandate to do those four things. >> i would add a couple things. to what tom said which i basically agree with. but first there is a cultural element here. it's not just a problem in washington, it's a pblem in the culture. a nation where people have distrust of authority, don't trust government, unwilling to accept sacrice, feel very threatened, want pore government than they are...
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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Jul 30, 2011
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that's a big drop! why that big cleavage? >> that's a huge -- very good question, john. that's an e norming change. >> did we have problem with the commerce department. >> they try to make the job numbers look as good as possible when they come out. when they -- >> you mean when they're bad, they try to make them look good? >> as good as possible. when they do revisions they find out the assumptions they made were inaccurate. they estimate how many jobs are created by companies that started. they estimate a certain number of startups, then they find out, guess what, they didn't have that number of startups. it's a statistical effort to make this, and they have overstated -- >> who is controlling their efforts to do that? is that just the instincts of federal workers? [everyone talking at once] >> they're bureaucrats, they're professionals and they are doing the best they can. this is no more a conspiracy than the media extra that you seem to think -- >>> know, this is politics! and it's not heal fum for his re-election. so a call comes from the white house. you can use a
that's a big drop! why that big cleavage? >> that's a huge -- very good question, john. that's an e norming change. >> did we have problem with the commerce department. >> they try to make the job numbers look as good as possible when they come out. when they -- >> you mean when they're bad, they try to make them look good? >> as good as possible. when they do revisions they find out the assumptions they made were inaccurate. they estimate how many jobs are created...
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cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we gave a little lesson to the people in washington because the debt crises is a lot easier to fix than this deal was autopsy tom more complicated business than the u.s. debt ceiling. they understand what real debt is. let's start football now. are you listening mr. boehner and president obama. we are list ink, it is rick harrow with harrow sports. thank you, sir. >> susie: in china, ambitious plans to expand its high-speed rail system are being scrutinized after a deadly wreck over the weekend. one train fell off a bridge after being derailed. 39 people were killed and almost 200 others in
cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we...
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to afford but also too big to change politically. this is how a aaa country becomes aa, the first step on the march to greece." end of quotation. charles congratulat krauthammerl observer of the political scene, in his column friday in "the washington post" concluded with the following words: "obama faces two massive problems: jobs and debt. they're both the result of his spectacularly failed keynesian gamble, spendin spending that la stagnant economy with high and chronic unemployment and a stag staggering debt burden." and that's the problem, mr. president. a staggering debt burden that requires us to increase our debt ceiling and republicans are saying, in order to stop this cycle of more promises and more spending, we've got to apply some accountability, some common sense and good judgment, and that means, first and foremost, stop the spending. i would note, as i said before, that under president obama, annual spending has gone up by $1.2 trillion each of the years. the deficit by peds 1.4 trillion. and i ask again, do you notice
to afford but also too big to change politically. this is how a aaa country becomes aa, the first step on the march to greece." end of quotation. charles congratulat krauthammerl observer of the political scene, in his column friday in "the washington post" concluded with the following words: "obama faces two massive problems: jobs and debt. they're both the result of his spectacularly failed keynesian gamble, spendin spending that la stagnant economy with high and chronic...
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i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it going to take so that this is no longer true? >> think that it's going to be with us, charlie, for a very, very long time. and the reason i say that is that as the years go by it isn't that apresident has to think about vietnam, because vietnam has now insinuated itself int the d.n.a. of every presidt. now you think of code words. you think out having a clear exit strategy. >> rose: right. >> of giving clear instructions to the military. what are you really saying? you're really saying "i don't want another vietnam," but you don't articulate the word. you live the thought, the very essence of it. and that essence is now
i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it...
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deal, but not a big tax increase. or any tax increase. once again they will be challenged to expand on this sharp rhetorical edge. id is a distinction without much of a difference. a few close a tax loophole, it raises the taxes for someone. pretty much any change in the tax code that raises revenue could be portrayed by the people that have to pay the additional revenue. it is a very difficult dance. the speaker keeps talking about no new taxes on the american people. this seems to give him an opening to talk about revenues and businesses, like the corporate tax loophole that we heard about in the last few days. host: do we have any more details on the parameters of this meeting? what can you tell us? >> i have not seen anything coming across my blackberry this morning. host: same here. caller: i imagine it will obviously be after the news conference last night they talked about a willingness to meet. not only today, but every day until they get a deal. whether or not it will be that eight top congressional leaders,
deal, but not a big tax increase. or any tax increase. once again they will be challenged to expand on this sharp rhetorical edge. id is a distinction without much of a difference. a few close a tax loophole, it raises the taxes for someone. pretty much any change in the tax code that raises revenue could be portrayed by the people that have to pay the additional revenue. it is a very difficult dance. the speaker keeps talking about no new taxes on the american people. this seems to give him an...
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...
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a big thanks to mitt romney. thank you. [applause] >> our political coverage continues with the discussion on how democratic activists feel toward president obama and the debt reduction talks. this is about 45 minutes. dot org you thofrment also the vice president of the center for american progress. appreciate your time. let me share with you this headline from the washingn examiner. the president's prospects with regard to re-election. is this moment and maybe this week a make or break moment for the president? caller: i think so. heading into a deadline of august second and the deal has got to happen this week in order for the nations economic rate togeer survive. i think the bond agencies have h said you have to have long-term repercussions so it's important they get that deal this week and you have to strike that grand bargain. that's where president obama said you have to go over the long-term. in order to have sca debt reduction you have to have taxes particularly on the wealthy. paying an among the lowest they have.
a big thanks to mitt romney. thank you. [applause] >> our political coverage continues with the discussion on how democratic activists feel toward president obama and the debt reduction talks. this is about 45 minutes. dot org you thofrment also the vice president of the center for american progress. appreciate your time. let me share with you this headline from the washingn examiner. the president's prospects with regard to re-election. is this moment and maybe this week a make or break...
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Jul 21, 2011
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paul krugman and others have suggested that it was never big enough from the start. the white house cut a deal and they thought they could get through even when they controlled both houses of congress. >> right. a couple of things. let's remember that it barely got through. there was not a lot of margin. that is related to the second point. i am sympathetic as a peer of economists to the notion that it should have been there. -- i am sympathetic as a pure and economist. it did not look obvious that say a trillion dollar stimulus could have gotten through the congress even though both congress is had democratic majority. -- both houses had a democratic majority. the number kept changing. it was 787 and now it is estimated to be 850 as more data came in. this is not at all obvious that we had gotten bigger. what is obvious is that we could have made it better. this is lost to history now, but you might remember in return for almost no republican votes, no matter what it was, the president gave over about 250 billion, about 1/3 of the stimulus. this was in the spirit of
paul krugman and others have suggested that it was never big enough from the start. the white house cut a deal and they thought they could get through even when they controlled both houses of congress. >> right. a couple of things. let's remember that it barely got through. there was not a lot of margin. that is related to the second point. i am sympathetic as a peer of economists to the notion that it should have been there. -- i am sympathetic as a pure and economist. it did not look...
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consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policeman has officers investigating whether other officers were bribed by journalists. >> a small group of officers may have engaged in these practices. i will determine to do what we should do, and that is proceed to criminal courts. >> a former employee told the court las
consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement,...
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i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their promises. and to the extent that the congress and the president can agree on a long run fiscal plan, it raises the question of, are we ever going to get our act together so that we don't become greece? >> and is the market yet or do you suspect it will either price this in or panic? >> it's been amazing how calm the markets have been and i think there are two reasons for that. one is, they kind of assume that eventually washington will do what it has to do. and secondly, greece and europe have been such a preoccupation that nobody wants to h
i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their...
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the afghan forces lacked much and british officers say privately they are -- there is still a big problem with corruption. nato's deployment has peaked. the question now is will the afghans be able to do the job of the british soldiers have been doing as they start to leave? >> that is the question indeed. on the ground, the fighting continues. in washington, three american senators, three -- two democrats and one republican pended op-ed in the "new york times" which called for a more rapid withdrawal of all american combat troops. tom udall is among those arguing the case. thank you for joining me. you criticize president obama for not bringing back american troops fast enough from afghanistan. what would you like him to do? >> the thing we have to realize is the thing we went in with objectives. those objectives were displacing a government that was harboring terrorists. terrorist camps, al qaeda was hooked up with them, and osama bin laden was in the region. now we have an elected government, we have completely changed the landscape, we have trained approximately 400,000 afghans in ter
the afghan forces lacked much and british officers say privately they are -- there is still a big problem with corruption. nato's deployment has peaked. the question now is will the afghans be able to do the job of the british soldiers have been doing as they start to leave? >> that is the question indeed. on the ground, the fighting continues. in washington, three american senators, three -- two democrats and one republican pended op-ed in the "new york times" which called for...
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Jul 23, 2011
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of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially named the new c.e.o., beginning august first. while telecom was one of the weakest sectors, technology was the strongest thanks to semiconductor maker advanced micro devices. earnings came in a penny ahead of estimates, not a huge surprise. but it was a strong third quarter outlook that shot the stock higher. take a look. a.m.d. was the second most actively traded nasdaq stock. volume quadrupled as shares jumped almost 20%. still, they have some ground to gain over worries about a.m.d.'s focus on net-book computers and lower end lap-tops
of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially...
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Jul 14, 2011
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that was a big problem. the challenge, of course, is that obama took that and put his foot on the accelerator and we got really much more significant problems, but, again, now, we're trying to fix these problems. i'm not interested in apportioning blame on a percentage basis but let's look forward. the republican house of representatives, if you want to look at the partisan side of that, they put forward a budget. they actually passed a budget. the democratic estimate hasn't even written or passed a budget for two years. two years. the president of the united states is only now showing up for discussions. he spent the last three months raising $86 million of political money, not spending time focused on this problem, and now he wants to show up and tell everybody else to eat their peas when his party in the senate hasn't even passed a budget not this year but this year or last year and he hasn't put forward a serious budget period. >> but my issue is that when there are such extreme partisan views being expr
that was a big problem. the challenge, of course, is that obama took that and put his foot on the accelerator and we got really much more significant problems, but, again, now, we're trying to fix these problems. i'm not interested in apportioning blame on a percentage basis but let's look forward. the republican house of representatives, if you want to look at the partisan side of that, they put forward a budget. they actually passed a budget. the democratic estimate hasn't even written or...
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big volume, as you can imagine. a private equity firm will buy the blood testing products company for just under $2 billion, or $27 per share. penny below closing price. the financial sector was the biggest drag, held back by regional banks. the dallas-based comerica shed 3%. first horizon is from tennessee. it dropped almost 3%. citi cut price targets on both, citing pressure on earnings as interest rates stay low. the nasdaq was the only of the three major indices to close higher. the best nasdaq 100 stock was netflix. volume more than doubled as the stock ran up more than 8%. nice move here. this is an all-time for shares. it announced new internet streaming service in latin america and the caribbean as it continues to expand globally. some wall street worries hit shares of medical device maker medtronic. the stock fell 3% on heavy volume. last week, a medical journal raised questions about a bone growth product and today wells fargo downgraded the stock. this is the past 180 sessions. a couple of decent rallies,
big volume, as you can imagine. a private equity firm will buy the blood testing products company for just under $2 billion, or $27 per share. penny below closing price. the financial sector was the biggest drag, held back by regional banks. the dallas-based comerica shed 3%. first horizon is from tennessee. it dropped almost 3%. citi cut price targets on both, citing pressure on earnings as interest rates stay low. the nasdaq was the only of the three major indices to close higher. the best...
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too much liquidity, too big deficits, too much inflation. the kind of stagation that came at the end of jimmy carter's presidency. others areoncerned about t mistakes of the late 1930's or the mistakes japan made in the 1990's of an economy that simply stalls out because there ist enough demand. and even with the zero interest rate,removing that barrier to investment just never fully takes off. and my judgment for the first time in my professional lifetime is that for the united states, the much greater risk is on the side of making the mistake that japan made. >> chaie: not to do enough. >> not to do, not to do enough. and i think the people who are fighting the war of the late 1970's are with the best of intentions and with a legitimate concern by pvileging that concern are putting future prosperity at risk. >> charlie: how do you create demand? i know thebig picture. you use the government to promote policies. what are the policies to get people to demand more products so companies can make more products and hire more people and use capit
too much liquidity, too big deficits, too much inflation. the kind of stagation that came at the end of jimmy carter's presidency. others areoncerned about t mistakes of the late 1930's or the mistakes japan made in the 1990's of an economy that simply stalls out because there ist enough demand. and even with the zero interest rate,removing that barrier to investment just never fully takes off. and my judgment for the first time in my professional lifetime is that for the united states, the...
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Jul 8, 2011
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how big? >> another problem. because athis point they had a sort of hand shake dealor something over a trillion dollars in discretionary cuts. democrats said well, when you go into appropriations and start making these cuts this is how much that has to go to defense. republicans said no, they have t agreed to that yet. it's a major stumbling block at this point. so while it was beginning to look like in the biden talks that there was consensus around certain things, and i think it's true in some of the non-health maatory like farm subsidies and federal worker pensis and trb i care i understand is on the table, they agreedhat the were rape targets. but the idea that they agreed on what to cut and how to cut it i think was oversold. >> hunt: again, what's the defense target if they could get a con seine us? >> well, obama has offered something like $300 billion over ten. or $400 over 12. but i don't think republicans have been willing to accept that so far. >> hunt: when we talk about crunch time now, julianna, we'
how big? >> another problem. because athis point they had a sort of hand shake dealor something over a trillion dollars in discretionary cuts. democrats said well, when you go into appropriations and start making these cuts this is how much that has to go to defense. republicans said no, they have t agreed to that yet. it's a major stumbling block at this point. so while it was beginning to look like in the biden talks that there was consensus around certain things, and i think it's true...
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is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte. but the decree for a large austerity plan was already passed. and it was because of this fight that the markets feared that maybe this decree was not going to be approved by parliament. today the situation has been clarified. by friday this package will be passed and, you know, italy is going to go on by adopting this plan and by 2014 it will have a balanced budget which is going to be quite an enviable situation if all of this will go according to plan. >> suarez: professor rogoff, the news of the austerity plan seemed to have calmed really jittery m
is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte....
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there was a big difference between cancer and migraines. if we are going to hold up a standard that if you have a headache that knocks you out for an hour or two, you cannot be president, fdr and kennedy, who had addison's disease, and eisenhower, who had a bad heart, would never have been president of the united states. i am not sure that is the position any of us would want to take. i think her answer was good, i think based on the evidence -- is their behavioral evidence of this woman not being able -- >> just be a cautionary. >> well, cautionary is fine -- >> i don't know the capitol hill physicians but i don't think it is fair to imply that somehow this is a less qualified individual. >> i'm not saying that. >> what about rick perry? >> rick . looks more and more like he is going to come into the race. -- rick perry looks more and more like he is going to come into the race. mike huckabee, a conservative finalist in 2008 against john mccain, has taken a shot at him, saying he will be the champion of traditional values and high morals,
there was a big difference between cancer and migraines. if we are going to hold up a standard that if you have a headache that knocks you out for an hour or two, you cannot be president, fdr and kennedy, who had addison's disease, and eisenhower, who had a bad heart, would never have been president of the united states. i am not sure that is the position any of us would want to take. i think her answer was good, i think based on the evidence -- is their behavioral evidence of this woman not...
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big growth in software systems and services which is the big moneymaker. the outlook looks pretty bright so what should shareholders be paying close to. >> the outlook is pretty bright. going back to your earlier question, you could tone down your enthusiasm because the top line reporting of revenues based on currency tailwind, nevertheless, 5% same currency as revenue growth for the company overall is pretty good. so it is looking ahead i think we have to see whether the strength in hardware can continue because they had new fresh batch of machines last september. and those are now about a year dated. and they will pull a lot of orders for three quarters now and that will continue and software and services get added on to that. and that continues for another year or so. that is one question in mind. >> at least i anybodially it seems like the shareholders were putting courage-- the share price looks to pop to possibly a new high after hours, certainly if did. if that continues to tomorrow it will be close to $180 per share. what is your outlook for the st
big growth in software systems and services which is the big moneymaker. the outlook looks pretty bright so what should shareholders be paying close to. >> the outlook is pretty bright. going back to your earlier question, you could tone down your enthusiasm because the top line reporting of revenues based on currency tailwind, nevertheless, 5% same currency as revenue growth for the company overall is pretty good. so it is looking ahead i think we have to see whether the strength in...
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>> i think that that is a big if at this point but there are a lot of questions. i think the employees at news corp. media properties are nervous, shareholders are nervous. there are questions about what this means for the future of the company. a lot of questions i am hearing is where is the push stock -- the push back on rupert murdoch? shareholders have said this is like a family business, this is a public business. there needs to be strong vertex in place to make sure whether it is an independent board of directors, someone comes in and challenges rupert murdoch on some of these issues going forward. -- there needs to be some strong checks in place. i think that investors want to see that. >> thank you for joining us. president obama said that negotiations over the debt ceiling have reached the 11th hour. in a statement, he praised a new proposal that would cut 4 trillion dollars in the debt over 10 years through a mix of tax increases and spending cuts. israeli forces have stopped a french-flagged boat going toward the gaza strip in an attempt to break the bl
>> i think that that is a big if at this point but there are a lot of questions. i think the employees at news corp. media properties are nervous, shareholders are nervous. there are questions about what this means for the future of the company. a lot of questions i am hearing is where is the push stock -- the push back on rupert murdoch? shareholders have said this is like a family business, this is a public business. there needs to be strong vertex in place to make sure whether it is an...
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so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house tomorrow, saturday for a meeting. but boehner says he's not negotiating, what's going on? that's what i am trying to get. we don't know. >> well, john boehner said he himself was going to now negotiate with the leaders of the senate. and to try and come up with something. that was in his statement. so but the president did say, not to come from me, he said be at the white house tomorrow morning at 11:00 and come up with a solution. it's up to you. i know the best of my knowledge harry reid and mitch mcconnell and nancy pelosi have not been-- or citiz
so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house...
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there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota; the massive cheating scandal in atlanta's schools; southern sudan prepares for independence and the roger clemens perjury trial. but first, with the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama announced today he'll begin sending condolence letters to families of soldiers who commit suicide in combat zones. the decision reversed a policy that's been in place for years. military suicides have risen during the long-running wars in iraq and afghanistan. in his statement today, the president said, "these americans served our nation bravely. t
there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota;...